NSE new chief Vikram Limaye takes over; says to work with govt to grow markets broadly

It is an honour to lead the iconic institution like National Stock Exchange, said Vikram Limaye, the new MD and CEO of the country’s largest bourse on Monday.

It is an honour to lead the iconic institution like National Stock Exchange, said Vikram Limaye, the new MD and CEO of the country’s largest bourse on Monday.

Limaye, a finance industry veteran and former head of infrastructure lender IDFC Ltd, takes over at a time when NSE's up to $1 billion IPO has been delayed over regulatory scrutiny into whether it had provided some brokers unfair access to its servers.

Addressing the media on his first day, Limaye said NSE is an institution of national importance and critical part of the country’s market infrastructure.

“I believe the core part of NSE’s mandate is to do what it takes for market development in the country and to actually focus on what is in the interest of the nation,” he said.

Limaye feels that while the equity markets are fairly well developed, there are other parts of the market landscape that require attention. And, NSE will certainly be focused on working with the government and regulators to develop markets more broadly.

“Markets in India have a long way to go given the growth prospects of the country and the fact that there is political and macro-economic stability. I believe investments in the country will continue to grow and it is important for NSE to focus on how we channelize on those investments and provide an efficient platform for better allocation of capital,” he added.

NSE new chief Vikram Limaye takes over; says to work with govt to grow markets broadlyDescription:It is an honour to lead the iconic institution like National Stock Exchange, said Vikram Limaye, the new MD and CEO of the country’s largest bourse on Monday.Times Now